Scotland's financial services sector is still weathering the credit storm, according to the latest jobs data.

A study by recruitment firm Joslin Rowe shows salaries are still rising and are up more than 25 per cent to £25,692 in the past year.

In comparison wages in London have actually fallen by more than three per cent in the past 12 months.

The number of vacancies north of the border has also increased despite fears of jobs cuts with it taking an average of 29 days for each post to be filled.

Margaret Dyer, Joslin Rowe director, said: "In contrast to financial services centres in the UK and Ireland which are contracting, the industry in Scotland is set for long term expansion.

"Some 2,500 jobs are being created in financial services under a scheme to give grants to firms planning to expand providing new job targets are met.

"This, along with organic growth, means Scotland remains well-placed to continue to grow, despite the current global economic uncertainty.

"World-class expertise in banking and insurance and world-class companies located and growing in Scotland will help maintain Scotland's excellent reputation and strong performance in financial services."